Rxolution of the Entrepreneur / : DU! YH Bem I chapled- Fi a evolution ofentreprencurship? — Ty Exe acelisg eho Gok Re pene ship {wheel to es into their most recent nel enterprise since the dawn of man, Fram the ped the face of business Enéepreneurs have sh these clever bu the advent of the in incarnation, the 804 esspeaple evalved Who formulated the evolution of entrepreneurship? Schumpeter is best known tor his theories on business eycles and the development of capitalist economies, and for introducing the concept of entrepreneurship. What are the origins of entrepreneurship? Origin of Entrepreneurship ‘The term entrepreneurship is derived from a French word 'Entreprendre’ which means ‘to undertake’, 'to pursue opportunities’, or to fulfill needs and wants through innovation and starring businesses’. The word first appeared in the French dictionary in 1723 What is the introduction of entrepreneurship? Entrepreneurship is an economic activity done to create, develop and maintain a profit- oriented business. ii) i) It begins with identifying an opportunity as a potential to sell and make profit in the market, iii) Entrepreneurship is the best utilization of available resourcés< wl Dueck Not ‘What is the best definition oFentreprenuship PDE? EBA Ge OMe Abstract. Entrepreneurship is # natural phenomenon in business. It is part oF business life. Tt that business is healthy when there are entrepreneurial skills and managements are adopted for changing, and fearing Pedenks Madey Who is India's first entrepreneur? Dhirubhai Ambani was the most enterprising Indian entrepreneur: His life journey is reminiscent of the rays to riches story. He is remembered as the one who rewrote Ind worate history and built a truly global corporate group. bie ber 08 tere Veg ho is the biggest entrepreneur in India? Top 10 Indian Entrepreneurs Dhirubhai Ambani. Dhirubhai Ambani (1932~2002) is an Indian businessman who started out humbly by selling traditional snacks to religious pilgrims. Jehangir Ratanji Dadabhoy Tata. ‘Nagavara Ramarao Narayana Murthy. .. Shiv Nadar. Takshmi Niwas Mittal Ghanshyan Das Birla. Dilip Shanghvi. .. Azim Prem SIS ARWN Who is suecessfil Indian entrepreneur? Mukesh Ambani is the Chairman and Managing Director of Reliance Industries. one of India's largest and most successful conglomerates, He join Reliance Industries in 19 ce become one of the lar and most successful conglomerates in India.er KCAL Vir Zerencurship is the ability and readiness to develop. organize and run a business enterpris. 7°" its uncertainties in order to make a profit, The most prominent example of entrepreneurship is the ting of new businesses. 7? economies, entrepreneurship connected with land. / profit. The entrepreneurial vision is defined by discovery and risk-takin, along with labour, natural resources and capital ean generate a s an indispensable part of a nation’s capacity to succeed in an ever-changing and more competitive global mar ketplace. Creal, MESEMAE Re negsi ye doeelnys, bated OnkCeie of teni dah 3, Meaning of Entrepreneur : The entrepreneur is defined as someone who has the ability and desire to establish, administer and succeed in along with risk entitled to it. to make profits. The best example of entrepreneurship is the 's Venture. The entrepreneurs are often known as a source of new ideas or innovators. a startup venture starting of a new busines and bring new ideas in the market by replacing old with a new invention 1 can be classified into small or home business to multinational companies. In economies, the profits that an Entrepreneur makes is with a combination of land, natural resources. Iabour and capital Ina nutshell, anyone who has the will and deteynination to start a new company and deals with ll the risks dhat go,with it can become an Entrepreneur. 1S & wry poho Sh4 Upa bruised) yiousioes, lao, 0° Pinanctak Qe i5the bape ppb! What aré the 4 Types of Entrepreneurship? tis classified into the following types: Small Business Entreprencurship- These businesses are a hairdresser, grocery store, travel agent, consultant, carpenter, plumber, electrician, ete These people run or own their own business and hire family members or focal employee. For them. the profit would be able to feed their family and not making 100 million business or taking over an industry. They fund nals and family. luc busiuess Uy lahing sinail business loans of loans trom Tri Scalable Startup Entrepreneurship- \3 sph Qo, 5 } This start-up entrepreneur starts a business knowing that their vision can change the world. They attract investors who think and encourage people who think out of the box. The research focuses on a scalable , $0, they hire the best and the brightest employees. They require more oh business and experimental models venture capital to fuel and back their project or busin Large Company Entreprencurship- These huge companies have defined life-cycle. Most of these companies grow and sustain by offering new and innovative products that revolve around their main products. The change in technology, customer preferences, new competition, etc., build pressure for large companies to create an innovative product and sell it to the new set of customers in the new market. To cope with the rapid technological changes, the existing organisations either buy innovation enterprises or attempt to construct the product internally. Social Entrepreneurship- This type of entrepreneurship focuses on producing product and services that resolve social needs and problems. Their only motto and goal is to work for society and not make any profits. Characteristics of Entrepreneurship: Not all entrepreneurs are successful; there are definite characteristics that make eter reneurship successful. A few of them are mentioned below: Vy. e Cyan ci eee tey BARE Se a ae Dise abi Psy UsERae Yor tisk- Starting any new venture'involves a considerable amount of failure risk. able to evaluate and take risks, which is an \iehoos lp + Ability to tak Therelore, an entrepreneur needs to be courageous and essential part of being an entrepreneur. + Innovation- It should be highly innovative to generate new ideas, start a company and earn profits out « QLit. Change can be the launching of a new product that is new to the market or a process that does the GrwSS\Same thing but in a more efficient and e¢ :onomical way, ee “visionary and Leadership quality- To be successful the entrepreneur should have a clear vision of Bee hi Se ia ser i uth the idea into reality, i of resources and employees are required Here, leadership quality is paramount because leaders impart and guide their employees towards the t right path of success. Qnea!it' Cao ) See Rok 2 EF Reodts onind Open-Minded In a bilsiness, every circumstance can be an opportunity and used for the benefit of a company. For example, Paytm recognised the gravity of demonetization and acknowledged the need Vv a/ — fa itive eneeclions uld be mor jituation and expanded massively during this / time. —Cpastentty chord i i J» Flexible- An entrepreneur should be Nexible and ‘open to change according to the situation. To be on / the top, businessperson shouldbe.¢quipped.to embrace change.in a product and service, as and ee / needed. Higher Hawpnpadens ‘le Pucci cld ok Sosstieed offered 1 + Know your Product“A compaiiy'swhér should KRow'thé product offerings and also be awar¥ of the latest trend in the market. It is essential to know if the available product or service meets the demand, of the curvuit HaPREU BPR MEINE is ne w8 FEAR’ HL a Hille. Beitig able to be accountable and then alter as nBaanebis ie Deadpast OREARPRABAD, PPL it utilised th Qualitiespfentrapreneur Teseriptine 1) Creativity 5) Planning | Dae of Pacenent 6) Knowledge; 7D) Social Skills 9) empathy Who is an Entrepreneur? What are the characteristics of an entrepreneur that nurture success? An entrepreneur is a person who has a passion for creation and the ability to follow through on their ideas, someone who has the ability to see a need that has previously not been addressed or in some cases created a anced that didn't even exist? Entrepreneurs'wanv'to work for themselves and are willing to take risks in order for their ideas or products to succeed. A lot of people want to be an entrepreneur and wonder if they are cut out to be one, here are few of the ‘common traits found in entrepreneurs. This is not saying that you need all, or without these, you cannot be successful. Ultimately success is determined by a lot of hard work and a little bit of luck. Here are the 10 Best Characteristics Of An Entrepreneur that one must nurture: 1) Creativi Creativity gives birth to something new. For without creativity, there innovation possible, Entrepreneurs usually have the knack to pin down a lot of ideas and act on them. Not necessarily every idea might be a hit But the experiefitt obtiiied is gold. Creativity helps in coming up with new solutions for the problems at hand and allows one to think of solutions that are out of the box. It also gives.an entrepreneur the ability to devise new products for similar markets to the ones he’s curently playing in ZA waholodA Regeutcel byob Be 2) Professionalism: WAPA4 \ ~ eat si fu quailty which all good entrepreneurs must possess. An entrepreneurs mannerisms and behavior with their employees and clientele goes a long way in developing the culture of the organization. Along with professionalism comes reliability and discipline. Self-diseiplis 0 z i i Self-discipline enables an entrepreneur to achieve their targets, be organized and set an example for everyone. Sra Reliability results intrust and f entures. trust in the entrepreneur is organization motivated and willing to put in their best. P important characteristics of an entreprenen What keeps the people in the rofessionalism is one of the1 sxplore the unknown, one cannot Risk-tabing iuuehesaletot relieves in but you is a risk aking: eking ability is Cer something unique. .\nd this unig ‘unorthodox methods is also a risk. Investing in ide: entrepreneur. Without the will to & Jt make all the ditTerencs ss nobody else bs ready to invest f towards risks. Good entrepreneurs are al they take, / Entrepreneurs have a differentiated appro: their time and money. But. they always have a backup for everw ri be bestowed with a tramp card: good entrepreneur hats one, always he consequences good For exploring in the unknown. one must ‘Also, evaluation of the risk to be undertaken i entrepreneur wouldn't risk it all. siso esseutiatl. W 4) Passion: ‘Your work should be your passion. So when you work. yo motivated. Passion geisas astoning force. with whieh, sou are mais rein the office which ean or may make a difference, At venture, there are hurdles but your Pa ures that jowards your goal, It also allows you the ability to put in those extra how the beginning of every entrepreneurial venture or any you are able to overcome these roadblocks and forge ahead t would be show. Without planning. ev 5) Plannin: Perhaps. ts 1s the most important of all ste} jail to plan. $ required vu plan to ‘a loose string as they say. “IT you s up alll the resource: ‘h your goal. at hand and me. It basically t process for how to reac! Planning is strategizing the whole game ahead of enables you to come up with a structure and a th um use of these resources, to weave the cloth of success.Facing @ Fetter, Inprov dies guidelines with minimum to no damage ineurred teristics of an entrepreneur The next step involves how 10:make opti with a plan is always the most important el situation or a cris to a business. Planning ss complete knowledge of his niche or 6) Knowledge Knowledge industry. For only with knowledge can a di It enables him to keep track of the developments and the ¢ Jvancement in the kev to success. An entrepreneur should pos: ifficulty be solved or a crisis ing requirements of the market that Sentry hie is in. May iis a new trend in the market or slogy or even a new adver force when it comes leaving the an entrepreneur should keep himself abreast of Competition behind. New bits and pieces of information may just prove as useful as a newly devised strate He should know what his strengths & weaknesses are so that they ean be worked on and can result in a healthier organization. ‘A good entrepreneur will always try’ to increase his knowled str ige. which is why he is always a learner. The better an entrepreneur knows his playground, the easier he ean : | 7) Social Skill: A skillset is an arsenal with which an entrepreneur makes his busine: be a good entrepreneur. Overall, these make up the qualities required for an entrepreneur to funetion, Social Skills involve the following: Ils are also needed to + Relationship Building — + iting and Talent Soureing — « Team Strategy Formulation —& 4 fore: Gpen-mindedness towards learning, people, and even failur nt nn af which scenario ot event can be a useful /OMreprencur must be accepting, The ique realization Cpportunity is necessary. To recognize such openings. 3n ‘openzminnlod auivude is required. ide and his wins, the right mentality perience ould be determined. He should face his losses with a po: itive al usineearan will know not to frown on a defeat. Try till you succeed is the Tt In't work according to the plan. A good entrepreneur takes the ‘An entrepreneur shi humbly. Any good Ture isa step or a way which dich Pe Back and works even bard wih th next you accepted learning. Good entrepreneurs know they Ean .d for the process of ‘This experience is inculcated through the process of Information obtained can be use earn from every situation and person around them. planning. at your faults humbly. New information always makes an also provides a new perspective towards a particular aspect. Learning with an open mind lets you look tition. Satreprencur question Ris Current resolve. It Opencmindedness also enables you to know and learn lrom your orp a Tr = ee 2 ee rn 7 9) piel: MAID ferrsint. ofhem yf Dever opleg ohived ae adterkhig Perhaps the least discussed value inthe world today is empatl} or having high emotidnal intelligenes. Erapathy is the understanding of what goes on in someone's mind. This a skill that ‘worth a mention. A good entrepreneur should know the strengths and weaknesses of every him.You must ‘nderstand that itis the people whe make the business tick! You've towards your people. QD Pri col arxroesl, entrepreneur, it is up to you to create a working ‘an entrepreneur should try to look after their well-being, 1? How can I make my employees ‘Unhappy employees are not determined and as an environment where people are happy to come. To I understand the situation of employees. What can be a motivational factor I want to give their best? All this is understood through empathy. sntial. For without empathy, an entrepreneur cannot reach the Keeping a workplace light and happy is esse hearts of employees nor the success he desires. Empathy is one of the most important characteristics of an entrepreneur. peanipsareevurcieecY jv pa Coosterdes. Expeckebrt SEs BCE Cahors Gnbine the customer is everything: OVS 1S wee always know this: a business is all about the Customer, How you grab a customer's 10) And lastly, This can be done through various mediums such ts marketing and advertising. ‘A good entrepreneur will attention is the first step. Itis also important that you know the needs of your customers. The product or service which is being created by your organization needs to cater tothe needs of your consumers. Personalising a business for consumers Nill also boost the sales. Custone Fe Pehdey a tecatatts Hale 4S Go af fo ot aeyic at Bio danokied ki ‘ential investment when it comes in the form of a customer is also ustomer. is way to have a successful business. The ability to sell yourself in front of a pet required. Being ready with the knowledge to please a c' ea, viability is It isn’t necessary that every entrepreneurial venture is a huge success. In addition to a brilliant id in important an equally important aspect of a business, which is where having a business education can play role. All these characteristics of an entrepreneur can be instilled in an individual qi th the nuances of finance. Summer courses. full-time courses that can take young entreprencirs throu marketing and organization become important sind ca help in this journey, Columbia Business School Summer Programme in association with JBCN International S J Ma choo! is one such oppor udding entrepreneurs can learn from Peed~ nour, The functions are: 1. Decision inty-Bearing 5. Innovation. ce’ wrepren “Taking and Uncertait fe funetions of an £ Income 4. Ris! highlight the top iv ent Control 3. Division of “an enirepreneuf is to determine id" so forth. Frere to produce, how to sell an «ein which he combines the different to the purchase of productive unction #1, Decision Maki ‘the primary task of an entrepreneur is to decide the policy. an royenlixy. hows myich to preauce. ow to produce. Xrgreover, he is to decide the scale of production and the proport aro he etaploys: In Brg, he is to make vital business decisions relating and to the sale of the finished goods or services. Fh et inf un Ts Sysherd ION gates § ee dient Pe Fungton #2; Management Conse £43 EP @ Sth. Ber ec Huon, PM ar Earlie® writers used to consider the management control one of the < \ief function eet Management and control of the business are conducted by the entreprenet® himself So, the Inter Pst possess a high degree of management ability to select the right type of persons to work will im. Bute Scala importance of this function has declined, as business nowadays is m: naged more ‘and more by paid managers. of production. guna .s of the entrepreneur.“ Function # 3. Division of Income: ADVERTISEMENTS: Lard, labed copits a ark ePhenewdAl The next major function of the erffrepreneur is to make necessary arrangement for the division of total income among the different factors of production employed by him. Even jf'there is a loss in the business, he is {0 Pay rane i eres, wages and otfier contractual incomes out of the realised sale propgeds Ose bee deck Spe t = “ ere oh Kee met Sed tase Function # 4. Risk-Taking and Uncertainty-Bearing: Pee & 4 al Risk-taking is perhaps the most important function of an entrepreneur. Modern production is very risky as an entrepreneur is requited to produce goods or services in anticipation of their future demand! oo a Rebel to face. Firstly, there are some risks, such as risks of fire, own as measurable and insurable culated which he has hich can be insured against. These are kn« cannot be insured against because their probability cannot be cal ‘e.g... competitive risk. technical risk. etc.). The Broadly, there are two kinds of risk loss of goods in transit, theft, etc... Wh risks. Secondly. some risks. however. accurately. These constitute what is called uncertainty ( entrepreneur unit tses bot! these risks it production ‘ Function # 5. Innovation: “Another distinguishing function of the entrepreneur, as emphasised by Schumpeter, is to make frequent eentfons _- invention of new products, new techniques and discovering new markets — to improve his ‘competitive position, and to increase earnings. Conclusion: The above weseripiwn indicates the supreme position of the entrepreneur in an organisation. This is particulary true inthe capitalistic or even mixed economy which is based on the price-profit system. In the Socialistic economy, the state becomes the entrepreneur; the scope of private entrepreneur is extremely limited in such an economy. It isto be noted that the importance of the entrepreneur has been declining with the growth of joint stock business and stiute-undlerlakings.. [his is due w the fact that “risk iy borne by the shareholders and the day- ss iy generally in the hands of salaried managers or managing directors”. by- day control of the busi Factors affecting Entrepreneurial Growth Ter are varios impediment inthe grovth of entrepreneurship development ke lack of viblesonen lack fmt any. lek oxic kil ek of tains knee. ak oft capital ack of self ; vations, social evils. lack of jobs. pressures oF ti ei ner si Iagalobatacles monopely te Banc Tatom afecins Infan Estepmoreeral Genet Hee nearea tone te\ naman Tas ab 2 Pocuset Sl 2. LL dec! asinferior jobs. f ‘stem. people hesitate (© pacity to resulted ina lack Coasdents, Forts rl In hero qrovent toch et ie gion. cast caste 893 terest in business. ea Ae fn waditions. © aie fraditionally, Some jobs are tr : ore Segupations Such Rayations Have awe Fisk gd COnstUS ‘ve thinking.2) + = Cobbler e xa) 2 ec Bee ly 4, Re ees he Sel ER Are rey abn Hematia, selection of wor courttiont and business has continued on 6 basi of hee ay eto itt als. v factors not on the basts nterest, I. ‘ ees ne eres nd ter ne masse wT eanae. AS rs angprencs are not ale to see the BUSINESS ’ i 8 Jostef aj voor ei a (nat result, fate interests, and aspirations el ved and Engepreneutshi the younger generation hi lag Gosia indus Jeleck anksti clo! eal i ofa akg capacity lack of bus Fechnical abilities Lack of businesS apiituc akc of risk-taking capacity, nec of business and Tee ical Hq Holts and also Jack of constructive thinking, cetrepreneurship development or growth in India is at a slowy pace) ‘ake neuhd.od lekert BR Tat abil C4 dyad af (eo8.ni foeks, Lack of Education T g Facilities: Bian), Sho M4, Srey Mag ee. A E surship skill lack in India. Although some (rainink s. after Education and training facilities relating to entreprenet in Thave been established in private and government sector: ipe of Education and institutes and Technical Education institutes i {adequate to prepare new entrepreneurs. because the fy cation - nee tr i bag cst Eapentayy independence. these are not ie Training provided therein, is like that of degree providing Ini otek CE Boxets ee ek 9 6) 4 oops ; Gninnnre ol. enon oe 4 Lack of Hiyorable Environment: et Mall sections of the society like workers, consumers,investors, government society, and even the competitors. ja, labor does,not have the to, Have contribution in operatingan Enterprise, But itis ynfartunate that in.tpdi Rom R ODE, oe Hest ana EY 5 wpe A upon the nature of p depends r he inclination for services an Lack of Entrepreneurial Spirit ave th The development of enterprise most of the people. particularly establishing and op enthusiasm to work. vas, Re Conetusion 2°? * ‘ coacasiople opportunities in sinall businesses in India and such opportunities will transform India in the tition to happen there needs to be support both at the governmental and coming future. For such transform societal level. For the government it remain self-employed. Such people may not nee ig important to realize that the goal of small business owners will be to 'd financial assistance but they will need marketing and legal aana gin oner to sustain themselves, Practical and cost-effective programs need to be developed to address their needs because self-employed people will represent an important segment in economic alization, Fntrepreneurship development is thekey factor to fight against unemployment. poverty es for globalization in order to achieve overall Indian economic-progress. 4 sett ead an Tid Cuomic Rereeepoealr Entrepreneurs initiate ang sustain the proces of econontig devel t i ii vi 1. Capital Formation: *- |S A Goce vce to Mando ne obeyine met Entrepreneurs mobilize the idle savings of the public through the issues of industrial securitic: public savings in industry results in productive utilization of national resources, Rate of capital formation increases which is essential for rapid economic growth. Thus, an entrepreneur is the creator of wealth. and to revi prepare ourselv # abet CRetidX 2. Improvement in Per Capita Income: f\\ Qpeene. Entrepreneurs locate and exploit TI e nd, labour a ploit opportunities. They convert the | i ai spent jatent and idle resources like land. I: ! oo li a national income and wealth in the form of goods and Services. They help to increase net at if I iduct and per capita income in the country. which are important yardsticks for meas ing economie growth . y S rowth, doled jntome tae Cov. Tae Paes fGencsaioey RIE ‘generate employment both directly and “ independent and honorable ti sei rons. This. chireprenetesp is 19 be »ployment? self-employment as an entrepreneur A py setting up large and smal ale business : ; eottenae inte (county, ee a Akoo 4, Balanced Regional Development: lopment ntral and Entrepreneurs in the public and private sectors help remove reel They set up industries in backward areas {0 aval ‘various concessions state governments. ——RSLLY Lb Public sector steel plants and private sector industries by Modis. ‘unknown places on the international map. 5, Improvement in Living Standards: Padded saabityy by GIN HAN do Entreprencurs set up industries which remove seareity of essential commodities and introduce ne products. Pondnetiog of go ads om mts seals and mana retary OF ranalicrafls. eic.. in the small scalle sector help to a r i ‘sr costs and increase variety i improve the standards of life of a common man. Thess iter goods at ower costs and, increas ariety in consumption. 6 6. Economic Independerice: Entrepreneurship is essential for substitutes of hitherto imported export goods and “Eb ona lprge s — , ye i sonal séif-retiance, Industrialists help to manufacture indigenous vont Rereby reducing dependence on foreign counie™ Businessmen also tena aerebs yen te searce Farcign exehange for the country Fe ce Note = (eye tnen (oboe. stand expen promotion help to ensure the economic independence of the bas D, h Ane Such import substitutt nie ind without which,political independence has Tittle meaning’ Psat Ulnto2et ae put bo Si Bes £20" tod «| SO tack. of Vebee t 7. Backward and Forward Linkage Vel a ‘An entrepreneur initiates change which has a chain reaction. Setting up of an enterprise has several backward An forward linkages. For example- the establishment ofa steel plant generates several ancillary units and expands the demand for iron ore. coal. ete “These are backward linkages. By increasing the supply of stee building, tube making, utensil manufactur the plant facilitates the growth of machine g and such other units. ee Entrepreneurs create an atmosphere of enthusiasm and convey a senss of purpose. They give an organization aa erent, Latreprenctrial behavior is critical to the fong term vitality of every economy. ‘The practice of tntrepreneurship is as important to established firms as it isto new ones ‘Top 7 Women Entrepreneurs in India That You Must Know This Inter ‘national Women’s Day 1. Hemalatha Annamalai ~ Ampere Blectric 2. Falguni Nayar — Nykaa 3. Aditi Gupta ~ Menstrupedia 4, Kiran Mazumdar Shaw — Biocon India 5, Vani Kola — Kalaari Capital 6. Radhika arsval ~ Shopelues 7. Suchi Mukherjee ~ Limerondl Suman AgarwalCo-founder & Director of Image Consulting Business Institute ‘he ns jus eee ae en Institute (ICBI) is the brainchild of an exemplary Indian an Agarwal. At the young age of 18, Suman decided to pack her bags, leave her~ F_AGhe and tive her fife on her own terms. She says. °F wus the frst gir in my family to sep out and bs Fon Zn vers innit, and 1 fallow my Intuition very religiously. ” She bas risen high boa er EF FRB vecome the suecesstul businesswoman that she is today. At the age of 20, when women usually cisions, Suman was deciding what to name her daughter. § beouhy Produrckt earine Se career = Fala Navarrete CEO ot Nykaa (Bay Cosmet tive year 2021 turned Falguni Nayar nto India's most prominent self-made female borate and her journey to itis no tess tha needle She took the bod stp of leaving a 20yearlusious cares a the Managing Director of Kotak hind Capital Cot start fom seratch when she was just shy of tuning 50, Bat ‘eraduating from 1IM Ahmedabad and seeing her father run a small bearings business as she grew up, she just knew that she had it in her to become a suceessful woman in business. So, age didn't matter to her. Kiran Mazumdar Shaweairperson ana vanaging Director of Biocon Ld. dar Shaw is the first-ever self-made female billionaire ost influential personalities in the field Cracking the prescription for global recognition, Kiran Mazum! and a successful businesswoman in India, She is widely known as one of the m of biotechnology. But her entrepreneurial joumey was not an easy one. “As a woman entrepreneur, 1 had to build my eredibilty. Ino longer consider myselfa woman business get here, I've had to overcome many, many. many credibility hurdles,” she said. leader’. But 10 Indra Nooyiceo of Pepsico (past), Board of Directors ~ Amazon and Others he has been instrumental in the growth and Indra Nooyi is one of the most successful women entrepreneurs in India. SI expansion of Pepsico as its first female CEO and chairperson until 2019. Her entrepreneurial stints didn’t end there. Today, she serves on the boards of Amazon, Philips, and the International Cricket Couneil (ICC). [A Science and Maths graduate and an IIM Calcutta pass out, Indra began her career as product manager for Johnson & nih tevtile eonpany. \vith Feather Fike Boston Consulting Group. Motorola Ine india Pranab Mukherjee at the Rashtrapatt {ABB and Pepsico in her cap: she was awarded by the former President of Bhavan in } Sudha MurtyTeacher, Chairperson of The Infosys Foundation pushed him to start something great, Sudha Murty helped her husband ‘him Rs, 10,000 in 1981. And who doesn’t know the muttibillion-dollar Behind every successful man is a woman who Narayan Murty to conceive Infosys by lendine company it has catalysed into today? ma Shri Awardee are books, social service, teaching, and yet staying down to earth. But what's endearing to the Padn Ww Priyanka Chopra sees, rim reaver Resauranana tira Brand Owner Who doesn't know PC? Not only is she a big dealin Bolly ood. but she has also carved her path as an A-lister in “Quantico” gave her the reputation of becoming the first South Asian actress to lead an American series ime’s 100 Most Influential People. Did you know that when Priyanka attended the 10th grade in Boston, she was bullied for being an uncoo! Indian? But Pat Neace was unshaken, Losing her father to cancer in 2013, Priyanka is often heard talking about how her father always elevated her spirits, “My farher always told me, "You should mor want 10 fit into someone else's glass slipper. You should shatter the glass ceiling,” And so. she did Hollywood. ‘She has been named in Tis 38 atatha Annamalai Qa Hemalatha Annamalai as CEO of Coi revolution in India, Her company manufactures electric eyeles, scooters, designed vehicles for the differently-abled, Age 50 - plus orate honchos. Ratan Tata and Infosys co-founder. Kris ubatore-based Ampere Vehicles, is leading the electric vehicles three-wheclers and specially reste and have invested in her company ‘She has the backing of wo of India's bi Gopalakrishnan, who believed in her vision What is the achievement of Hemalatha Annamalai? {1 2010, Hemalatha won the Best Product Design Award and received the Disruptor of Tamil Nadu in the manufacturing seetor. In 2017, she also received the Women Entrepreneur of the Year Awan ‘otary. Club of Madras East Is Ampere & Chinese company? Ampere Vehicles is an Indian company focused on developing battery-powered vehicles. 02 How old is ampere coniaiiy? imited is a Non-govt company, incorporated on 02 Jun, 2008. Jun-2022 Ampere Vehicles Private Li Is ampere a good brand? Ampere by greaves is a trustworthy brand. The spare partis available and has good dealer support on th spot. The after-sales services are the worst Falguni Sanjay Nayar (born 19 February 1963) is an Indian billionaire businesswoman. who is the founder and CEO of the beauty and lifestvle retail company Nvkaa. formally known as FSN E-Commeres Mentures which is an acronym of her own name.lf! Nayar is one of two self-made female Indian billionaires. Early life and education{edit Nayar was born and raised in a Gujarati family in Mu Her father was a businessman an assisted by her mother-Llll! She is a graduate in B.Com from Sydenham ran a small bearings company, College of Commerce and Economics and a postgraduate from the Indian Institute of Manavement Ahmedabad.!") best known for playing Heer in Kis es @) Additi Gupta (born 21 April 1988) is an Indian television actress. Mein Hai Meraa Dil and Khan Begum in Qubool Hail Early life[edit] Gupta was born on 21 April 1988 in Bhopal, Madhya Pradesh to Ved Prakash and Kavita Gupta Her sister Megha Gupta is also a television actress. Who is Additi Gupta husband? ‘Kiran Mazumdar-Shaw (born 23 March 1953) is an Indian billionaire entrey chalperson and founder of Biocon Limited and Biocon Biologics Limited,°)a biotechnology’ ‘company bi in Bangalore, India! and the former chairperson of Indian Institute of Management. Bangalore! In 20! shé was awarded the Othmer Gold Medal for outstanding contributions to the arouress uff ctence chemistry JIPINPI! She was on the Kinuucial Figwes 2OL1 Top SO women in busines at in 30 ‘She was named LY World Was Tisted as the 68th most powerful woman in the world by Forhev.™ Entrepreneur Of The Year 2020.!"'{She is married to John Shaw] Kabir Chopra () preneur.?! She is the executi ne ‘er A 4 cn nton ens caiaisShe the onde and managing detrei Cant I a She wan Tse aoe ote most powswTA| WHEN ia as nos Tradier i 2014 oven Fone arly life and education(edit} Vani Kota was born in 1963 or 196410 in Hyderabad, Andhra Pradesh (now Telangans) India she sya enced her post-secondary education at age 16.4) She attended Osmarre University in Hyderabad. 1g and was “one of six girls among 400 engincerine students”! She wwhere{she studied electrical engines arn oad att eeuincering before lean india inthe fate 1980s tars Nr MEN of Engineering from Arizona State University in the United States! wa oman to enter the Unicorn © Radhika Ghai Aggarwal is an Internet entrepreneur and India's first ne Club. She is the cx under of online marketplace Shor Clues ‘established in 2011 in silicon. valley 2 Currently, she serves as the Chief Business Officer ‘of the company. Early lifefedit] the Indian Army while her mother was a dietic lt) 902. followed by ily. Her father was in is own health club in Aggarwal was born to an Army fan Her entrepreneurial venture started when her father decided to start Chandigarh in 19977 the establishment of her own advertising agency in rr Education{edit) 7 .st-graduation degree in ‘Aggarwal has an MBA from Washington University in-St. Louist$! and holds a po: f advertising and public relation: tanford University. ll She was also part of an executive program at Si egic planning at Goldman Careerfedit] ke Nordstrom in Seattle and strate ‘as e-commerce, lifesty ‘Aggarwal worked in marketing for companies li Sachs! She holds about 14 years of experience in the US in diverse sectors such fashion, and retail.!*! Poe To ‘Awards and recognitionfedit] ‘ess Woman of Worth at Outlook Business Awards — 2016 reneur India Awards ~ 20164 at CMO Asia Awards ~ 2016 016 20170 + Outlook Bu: Woman Entrepreneur of the Year at Entrepr oman Entrepreneur of the Year + Exemplary W at CFO India Awards «CEO of the Year Award ASSOCHAM's Entrepreneur of the Year award “_Suchi Mukhere Wikipedia Wiki/Biography aren takherjec was born on Friday, 6 July 1973 (age SO-yenrs: as of 2023) in Haryani Her odie igi je Cancer. She started her formal education at St. Stephen's College. Delhi. and completed her B.A. Honors in Economies with Maths from the University of Cambridge (1994-1996) Pee eee Which successful entrepreneur does not have a degree? pethaps one of the most famous entrepreneurs without a college degree.! Bill Gates is |-Feb-2021 is an Grdian rider enewa & She the succes hub oniic NLf India ypreneurs are as follows: 8 Problems Faced by Women Entrepreneurs ‘Some of the problems faced by women entre 1. Problem of Finance: Finance is regarded as “life-blood” for any enterprise, entrepreneurs suffer from shortage of finance on two counts. Firstly. women do not generally have property on their names to use them a5 collateral for obtaining funds from external sources, Thus, their access to the external sources of funds is limited. ywever, women be it big or small. Ho yy and discourage women borrowers iven such situation, women d loans from friends and relatives 10 the shortage of Secondly, the banks also consider women less credit-worth: on the belief that they can at any time leave their business. Gi entrepreneurs are bound to rely on their own savings, if any an c ‘ho are expectedly meager and negligible. Thus, women enterprises fail due t sw material and necessary inputs. .d, and getting raw material at the ‘oroperatives in 1971 engaged .ds the death-knell of 2. Scarcity of Raw Material: ‘Most of the women enterprises are plagued by the scarcity of ra ‘Added to this are the high prices of raw material, on the one han minimum of discount, on the other. The failure of many women c« in basket-making is an example how the scarcity of raw material soun enterprises run by women (Gupta and Srinivasan 2009). +3. Stiff Competition: ‘Women entrepreneurs do not have organizational set-up to pump in a lot of money for canvassing and advertisement. Thus, they have to face a stiff competition for marketing their products with both organized sector and their male counterparts. Such a competition ultimately results in the liquidation of women enterprises. 4, Limited Mobility: ¥y in India is highly limited due to various reasons. A single woman Unlike men, women mobi asking for room is still looked upon suspicion. Cumbersome exercise involved in starting an enterprise coupled with the officials humiliating attitude towards women compels them to give up idea of starting an enterprise 5. Family Ties: : In India, it is mainly a women’s duty to look after the children and other members of the family. Man plays a secondary role only. In case of married women, she has to strike a fine balance between her business and family. Her total involvement in fami! i : family leaves little or no ener; time to devote for business. cdi Support and approval of husbands sem necessary condition for women's entry into business. cordingly, the educational level and family background of husbands positively influence women’s entry into business activities 6. Lack of Education:4 In India, around three-fifths (60%) of women are still illiterate. Illiteracy is the root cause of socio-economic problems. Due to the lack of education and that too qualitative education, women are not aware of business, technology and market knowledge. Also, lack of educat causes low achievement motivation among women. Thus, lack of education creates one type or other problems for women in the setting up and running of business enterprises. n 7. Male-Dominated Society: Male chauvinism is still the order of the day in India. The Constitution of India speaks of equality between sexes. But, in practice, women are looked upon as abla, i.e. weak in all Fespects. Women suffer from male reservations about a women’s role, ability and capacity and are treated accordingly. In nutshell, in the male-dominated Indian society, women are not treated equal to men. This, in turn, serves as a barrier to women entry into business. 8. Low Risk-Bearing Ability: Women in India lead a protected life. They are less educated and economically not self dependent, All these reduce their ability to bear risk involved in running an enterprise. Risk- bearing is an essential requisite of a successful entrepreneur. In addition to above problems, inadequate infrastructural facilities. shortage of power, high cost of production, social attitude, low need for achievement and socioeconomic constraints also hold the women back from entering into business. ° o| @oban He Process of Entrepreneurship meh eA >\¢ SSS Ow Ey The below-mentioned steps will illustrate how’to build an effective entrepreneurship *, development program fpr an entrepreneur to organize and launch the new ventures. ae Ci te “A ¢ Discover — Any new process begins with fresh ideas and objectives, wherein the entrepreneur recognizes and analyzes business possibilities. The analyzing of opportunities is a risky task, and an entrepreneur looks out for inputs from other persons, including channel partners, employees, technical people. consumers, etc. to reach an ideal business opportunity : Evaluation ~ The evaluation of an opportunity can be done by asking several questions to oneself. For instance, questions like whether it is worth taking a chance and investing in the idea, will it attract the consumer, what ate the competitive advantages and the risk linked with it are asked. A reasonable and sensible entrepreneur will also analyze his skills and whether it matches his entrepreneurial objectives ot not. Developing a plan ~ After the identification of an opportunity, an entrepreneur has to build a complete business plan. It is the most important step or new business as it sets a standard and the assessment criteria and sees if a company is working towards the set goals, + Resourees— The next step in the process of entrepreneurial development is resourcing. Here, the entrepreneur recognizes the source of finance and from where the human Fesource can be managed. In this step, the entrepreneur also tries to find investors for his new business.ing the company — After the hiring process and funds are raised now its time to start the operation to accomplish the desired goals. All the entrepreneur will decide on the management structure that will be assigned to resolve the operational problems whenever it occurs. Harvesting ~ The last step in this process is harvesting, where an entrepreneur determines the future growth and development of the business. Here, real-time development is compared with the projected growth, and then the business security or the extension is initiated accordingly.8 Problems Faced by Women Entrepreneurs in India Some of the problems faced by wom. eu follows: 1. Problem of Finance: Mere id Finance is regarded as “life-blood” for any enterprise, be it big or small. However, women entrepreneurs suffer from shortage of finance on two counts. Firstly, women do not generally have property on their names to use them as collateral for obtaining funds from external sources. Thus, their access to the external sources of funds is imited. i! Secondly, the banks also consider women less credit-worthy and discourage women borrowers on the belief that they can at any time leave their business. Given such situation, women entrepreneurs are bound to rely on their own savings, if any and loans from friends and relatives who are expectedly meager and negligible. Thus, women enterprises fail due to the shortage of finance, 2. Scarcity of Raw Material: ir Most of the women enterprises are plagued by the scarcity of raw material and necessary inputs. Added to this are the high prices of raw material, on the one hand, and getting raw material at the minimum of discount, on the other. The failure of many women co-operatives in 1971 engaged in basket-making is an example how the scarcity of raw material sounds the death-knell of enterprises run by women (Gupta and Srinivasan 2009). 3. Stiff Competition: Women entrepreneurs do not have organizational set-up to pump in a lot of money for canvassing and advertisement. Thus, they have to face a stiff competition for marketing their products with both organized sector and their male counterparts. Such a competition ultimately results in the liquidation of women enterprises. 4, Limited Mobility: Unlike men, women mobility in India is highly limited due to various reasons. A single woman asking for room is still looked upon suspicion. Cumbersome exercise involved in starting an enterprise coupled with the officials humiliating attitude towards women compels them to give up idea of starting an enterprise 5. Family Ties: In India, it is mainly a women’s duty to look after the children and other members of the family. Man plays a secondary role only. In case of married women, she has to strike a fine balance between her business and family. Her total involvement in family leaves little or no energy and time to devote for business. Support and approval of husbands seem necessary condition for women’s entry into business. ingly. the educational level and family background of husbands positively influence activities. Accor Women’s entry into busine 6. Lack of Education:In India, around three-fifths (60%) of women are still illiterate, Ilifetacy is the root cause of Socio-economic problems. Due to the lack of education and that too qualitative education, catcee Lane nat aware of business, technology and market knowledge. Also, lack of education causes low achievement motivation among women, Thus, lack of education creates one type or other problems for women in the setting up and running of business enterprises. 7. Male-Dominated Society: Male chauvinism is still the order of the day in In equality between sexes. But, in practice, women are looked upon ! respects. Women suffer from male reservations about a women’s role, ability and capacity and are treated accordingly. In nutshell, in the male-dominated Indian society, women are not treated equal to men. This, in turn, serves as a batrier to women entry into business. ia, The Constitution of India speaks of abla, i.e. weak in all 8. Low Risk-Bearing Ability: Women in India lead a protected life. They are less educated and economically not self dependent, All these reduce their ability to bear risk involved in running an enterprise. Risk- bearing is an essential requisite of a successful entrepreneur. In addition to above problems, inadequate infrastructural facilities, shortage of power, high cost of production, social attitude, low need for achievement and socioeconomic constraints also hold the women back from entering into business. Process of Entrepreneurship Development The below-mentioned steps will illustrate how to build an effective entrepreneurship development program for an entrepreneur to ogganize apd laynch the new ventures. rie Bay Bates Teer eee Wake debody hock foun + Discover — Any new’ process begins with fresh ideas Sh! objectives, wherein the entrepreneur recognizes and analyzes business possibilities. The analyzing of opportunities is a risky task, and an entrepreneur looks out for inputs from other persons, including channel partners, employees, technical Reople. consymers, etc. to reach anideal < . p.s feu0 Vee GROEN Gees Sua Tes business Apportunity ss ane Qeees ah GAN : Be este Ah Broo L ble Evaltation ~ The evaluation of an opportunity can be dof’ by asking Several question’ ‘0 oneself. For instance, questions like winether itis worth taking a chance and investing in the idea, will it attract the consumer, what are the competitive advantages and the tisk linked with it are asked. A reasonable and sensible entrepreneur will also analyze his skills and whether it matches his entrepreneurial objectives ot not, + Developing a plan — After the identification of an opportunity, an entrepreneur has to build a complete business plan. itis the most important siep Tor new business as it sets a Slandard and the assessment criteria and sees if'a company is working towards the set goals, * Resources — The next step in the process of entrepreneurial development is resourcing, Here, the entrepreneur recognizes the source of finance aril [rom where the human “source can be MANET. Th Tis step, the entrepreneur also tr ies t Tind investors for his new business,the Primo Mono8eMerly TS 1Y Coad et & ees rowel elpatshs ear Ne: Pu, area an eniiromel naa Ts hao ree argentine $ Ferteyeer t Ip cool Co Yoalt . nds are raised now its time to eur will decide on the Managing the company — Afier the hiring process and fui | problems whenever start the oy star the operation to accomplish the desired goals. ‘All the entrepren gement structure that will be assigned to resolve the operationa inoceurs. Zyp32 Harvesting — ‘ ae ; — ‘The last step in this process is harvesting. where an entrepreneur s. Here, real-time determines the future growth and development of the business Then the business security or the development is compared with the projected growth, an extension is initiated accordingly. > 2 0 aes is foe port y of oneeeg Nts animal of fea dood